Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $82.83.
Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Friday, October 9th. Wells Fargo & Company cut their price objective on Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Zacks Research lowered Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Citizens Jmp started coverage on Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price for the company.
Insider Buying and Selling at Knight-Swift Transportation
In other news, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reid Dove sold 126,864 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is currently owned by company insiders.
Institutional Trading of Knight-Swift Transportation
Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares in the last quarter. MCF Advisors LLC increased its holdings in Knight-Swift Transportation by 55.8% in the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after purchasing an additional 242 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Knight-Swift Transportation in the first quarter valued at approximately $72,000. Bessemer Group Inc. lifted its stake in Knight-Swift Transportation by 280.2% in the first quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock valued at $122,000 after buying an additional 1,569 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,516 shares of the transportation company’s stock worth $160,000 after buying an additional 720 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.
Knight-Swift Transportation Stock Performance
Shares of NYSE:KNX opened at $64.88 on Wednesday. Knight-Swift Transportation has a 12-month low of $41.24 and a 12-month high of $82.86. The company’s 50 day moving average price is $67.59 and its two-hundred day moving average price is $69.49. The firm has a market cap of $10.56 billion, a PE ratio of 249.56, a PEG ratio of 0.55 and a beta of 1.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities research analysts predict that Knight-Swift Transportation will post 2.42 earnings per share for the current year.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s payout ratio is presently 307.69%.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.
The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.
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